1. ALD certificates are " warehouse receipts " for real gold and silver owned by the bearer. 2. Rather than delivering the actual commodity, negotiable warehouse receipts are used to settle expiring futures contracts. 3. In 2013, the company signed Memorandum of Understanding with Corporation Bank for providing finance against warehousing receipts . 4. It also entered into a partnership with Dena Bank in the same year for warehousing receipt funding. 5. The loans based on the warehouse receipts were " guaranteeing " that the oil was really in the tanks. 6. Because of these problems, there were concerns that COMEX did not have the gold inventory to back its existing warehouse receipts . 7. Because of these problems, there are concerns that COMEX may not have the gold inventory to back its existing warehouse receipts . 8. In 2007, the company launched its warehousing services with Rs 303 crore credit facility from ICICI Bank, for warehouse receipt -based funding. 9. Warehouse receipts also guarantee existence and availability of a commodity of a particular quantity, type, and quality in a named storage facility.10. On the basis of the warehouse receipts , the Paritate Bank wired $ 3.5 million to the Kouznetsovs'account at the Bank of New York.
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